2010 News Releases

Boston—John Hancock Life Insurance today announced that it has significantly increased the retention limits on its permanent life insurance products.

Effective today, the retention limit for individual life insurance products will be increased to as much as $30 million and the limit for survivorship life insurance products will be increased to as much as $35 million.¹

“John Hancock is leveraging its key strengths—some of the highest financial strength ratings in the industry and strong capital levels along with industry-leading underwriting—to offer clients more coverage to better meet their estate, retirement and business planning needs,” said John Hancock Life Insurance President Steve Finch. “Not only do we offer the financial strength and security that producers and clients demand from companies today, but our in-depth expertise in large-case underwriting and advanced markets makes it easier for them to place their largest cases.”

Mr. Finch added that John Hancock provides producers and their clients with the convenience of a single carrier to secure more or all of their life insurance coverage.

“This increase in retention limits demonstrates John Hancock’s ongoing commitment to meeting the objectives of the high-net-worth market, and the company’s focus on continually positioning ourselves to better serve the needs of our clients.”

• Company Has Among The Highest Limits In Industry Including Up To $30 Million On Individual Policies And Up to $35 Million On Survivorship Policies¹
  
• John Hancock Is A Leader In Retention Capacity On Permanent Products at Older Ages
  
• John Hancock’s Increased Retention Backed By The Company’s Strong Financial Ratings, Strong Capital Levels And Large-Case Underwriting Expertise

About John Hancock Financial and Manulife Financial Corporation

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 22 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Funds under management by Manulife Financial and its subsidiaries were Cdn$446 billion (US$440 billion) as at March 31, 2010.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at www.johnhancock.com. 

¹ Retention Limits may be reduced by age, mortality assessment, for aviation risks, entertainment figures and juveniles. Coverage may be reduced or not available for foreign risks and sports figures. Represents maximum potential retention for Standard or better lives.

Media Contact: Brian Carmichael
Phone: (617) 663-4748
E-mail:bcarmichael@jhancock.com

PR 2010—38

Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.

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